June 12, 2006

Deutsche Bank appoints Marilyn H. Spearing as Global Head of Trade Finance and Cash Management Corporates

Deutsche Bank today announced that Marilyn H. Spearing has been appointed as the Global Head of Trade Finance and Cash Management Corporates for its Global Transaction Banking (GTB) area, effective August 15, 2006. GTB covers Deutsche Bank's cash management, trade finance and trust & securities services including domestic custody.

Marilyn Spearing has over 25 years of experience in the banking industry. Most recently, she served as Global Head of Sales for HSBC's GTB franchise following her 10-year tenure as HSBC's Global Head of Payments and Cash Management. Prior to that, Marilyn Spearing held senior positions with Barclays Global Services Division and Barclays de Zoete Wedd in New York. In addition, she currently serves on the Board of SWIFT.

Werner Steinmueller, Head of GTB, Deutsche Bank said: "Deutsche Bank's transaction banking business is showing a solid performance in both revenues and profitability. It is a strategic business within the Bank in which we are continuously investing to cement our global leadership. Marilyn Spearing is a recognized industry expert with the deep-rooted knowledge and experience that will allow us to strengthen our cash and trade penetration in each of the three regions where we operate: Europe, the Americas and Asia."

Working out of London and Frankfurt, Ms. Spearing will report to Werner Steinmueller. 



About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private client franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.


Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of debt financings including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, collateralized debt obligations, project financings, escrows and syndicated loans. It is also one of the leading depositaries for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in 28 securities markets.